Light Emitting Diode (LED) Market Trends- The Insight Partners Light Emitting Diode (LED) Market Trends- The Insi | Page 2
Light Emitting Diode (LED) Market to 2025
Introduction
LED lights are based on semiconductor modules and release less discharged heat as compared to fluorescent and
incandescent products. LED lights are utilized across numerous end-user industries such as commercial, industrial,
outdoor, and architectural. Profile ration of LED in applications such as traditional lightings has given a solid thrust to
the lightings market. LED is anticipated to surpass the conventional compact fluorescent lamp (CFL) and cold
cathode fluorescent lamp (CCFL) lighting market as it delivers high level of illumination, long life, high reliability, and
high efficiency. In addition, LED lighting is a cost effective solution over conventional lighting applications such as
CFL and CCFL.
The global LED market is segmented by technology, namely: traditional LED, high brightness LED, organic LED,
polymer LED, and ultra violet LED. The global LED market is further segmented by applications, into automotive,
general lighting, display screen, backlight sources, forensic &research, and government. Furthermore, the global
LED market is also segmented on the basis of product types into low power product and high power product. Lastly,
the global LED market is also segmented by installation type as new installation and retrofit.
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